Pine Cliff Energy Ltd. (TSE:PNE) Plans Monthly Dividend of $0.01

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.005 per share on Friday, September 27th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Monday, September 16th.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock traded down C$0.01 during midday trading on Friday, reaching C$0.95. 100,650 shares of the stock traded hands, compared to its average volume of 265,726. The firm has a fifty day moving average price of C$0.93 and a two-hundred day moving average price of C$0.99. The firm has a market cap of C$340.01 million, a price-to-earnings ratio of -95.00 and a beta of 0.37. Pine Cliff Energy has a fifty-two week low of C$0.85 and a fifty-two week high of C$1.68. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. The business had revenue of C$46.61 million during the quarter. On average, equities research analysts forecast that Pine Cliff Energy will post 0.0099907 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group downgraded shares of Pine Cliff Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$1.20 to C$1.10 in a research report on Wednesday, June 5th.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.